Quarterly Updates15 May 2026, 06:41 pm
Belrise Industries: Deviation Statement for March 2026 Quarter
AI Summary
Belrise Industries Limited submitted a statement of deviation and variation for the quarter ended March 31, 2026, regarding the utilization of IPO proceeds. The report, reviewed by the Audit Committee on May 15, 2026, indicates no deviation or variation in the use of funds raised. The IPO raised ₹21,500 million, with net proceeds of ₹20,286.12 million. The funds were allocated to repayment of indebtedness and general corporate purposes, with unutilized proceeds temporarily invested in bank accounts, deposits, bonds, and commercial paper.
Key Highlights
- Belrise Industries reports no deviation in IPO fund utilization for Q4 2026.
- IPO raised ₹21,500 million, allocated to debt repayment and corporate purposes.
- ₹15,960.21 million used for debt repayment, ₹4,321.64 million for general corporate purposes.
- Unutilized IPO proceeds are temporarily invested in various financial instruments.
- Audit Committee reviewed and approved the statement of deviation.
Price Impact
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